A Conversation With : Tamal Bandyopadhyay, business journalist-cum-writer talks about his latest book, Bandhan: The Maki
Updated on: 14 Jun 2016
'Bandhan CEO is not a messiah for the poor. Rather, he is an astute entrepreneur with a keen sense of finances.'
'Chandra Shekhar Ghosh understood that the business of microfinance is all about scaling up and doing it profitably.'
'India's financial system needs Raghuram Rajan at the moment.'
I don't consider Bandhan chief executive officer Chandra Shekhar Ghosh a messiah of the poor."
"Rather, he is an astute entrepreneur with a keen sense of finances," said business journalist-cum-writer Tamal Bandyopadhyay, below, left, talking about his latest book, Bandhan: The Making of a Bank, which is being released in Mumbai on Monday evening.
This is the third book penned by him. His first book was A Bank for the Buck, on HDFC Bank.
Bandyopadhyay's second book, on Sahara (Sahara, The Untold Story) had drawn the group's ire and the latter had moved court seeking Rs 200 crore (Rs 2 billion) as damages from the author.
Sahara India, however, reached an out-of-court settlement with Bandyopadhyay, allowing the book to hit the shelves with a clarification.
In a conversation with Indrani Roy/Rediff.com at Bandhan's headquarters in Kolkata, Bandyopadhyay explains why his third book is totally different from the earlier ones.
At the launch of Sahara, The Untold Story, you had said it was one of the most challenging books you have ever written. What about Bandhan: The Making of a Bank? How difficult was it as a project?
Sahara was an investigative book. There I took on a large conglomerate which is not known for its openness.
It was a big challenge.
There are a lot of mysteries surrounding the group.
And whatever I wrote needed to be substantiated with facts and figures.
It was a very, very difficult task.
In case of the book on Bandhan, however, I was writing about a territory, which unlike Sahara, was not entirely a virgin one.
There are many published works on microfinance companies across the globe.